Analysts Expect WisdomTree Investments, Inc. (WETF) Will Post Earnings of $0.06 Per Share
Wall Street analysts forecast that WisdomTree Investments, Inc. (NASDAQ:WETF) will post earnings of $0.06 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for WisdomTree Investments’ earnings, with the highest EPS estimate coming in at $0.07 and the lowest estimate coming in at $0.06. WisdomTree Investments also reported earnings per share of $0.06 during the same quarter last year. The firm is scheduled to announce its next quarterly earnings results on Friday, October 27th.
On average, analysts expect that WisdomTree Investments will report full-year earnings of $0.25 per share for the current financial year, with EPS estimates ranging from $0.22 to $0.28. For the next financial year, analysts expect that the firm will report earnings of $0.34 per share, with EPS estimates ranging from $0.28 to $0.40. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover WisdomTree Investments.
WisdomTree Investments (NASDAQ:WETF) last released its quarterly earnings results on Friday, July 28th. The asset manager reported $0.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.02. WisdomTree Investments had a net margin of 13.33% and a return on equity of 15.41%. The business had revenue of $63.40 million for the quarter, compared to analysts’ expectations of $57.27 million. During the same period in the prior year, the firm earned $0.07 earnings per share. WisdomTree Investments’s revenue was up 13.2% compared to the same quarter last year.
WETF has been the topic of several research reports. Citigroup Inc. raised shares of WisdomTree Investments from a “neutral” rating to a “buy” rating and set a $10.50 price target on the stock in a research note on Monday, May 15th. BidaskClub raised shares of WisdomTree Investments from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Jefferies Group LLC reissued a “buy” rating and set a $14.00 price target on shares of WisdomTree Investments in a research note on Wednesday, June 28th. Zacks Investment Research downgraded shares of WisdomTree Investments from a “buy” rating to a “hold” rating in a research note on Wednesday, July 26th. Finally, ValuEngine downgraded shares of WisdomTree Investments from a “hold” rating to a “sell” rating in a research note on Thursday, July 20th. Five analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $10.11.
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Shares of WisdomTree Investments (WETF) opened at 9.19 on Tuesday. The company has a market capitalization of $1.24 billion, a PE ratio of 41.77 and a beta of 3.09. WisdomTree Investments has a 1-year low of $7.87 and a 1-year high of $13.32. The stock’s 50 day moving average is $9.93 and its 200 day moving average is $9.37.
The company also recently announced a quarterly dividend, which was paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 3.48%. The ex-dividend date was Monday, August 7th. WisdomTree Investments’s dividend payout ratio is 145.46%.
In other news, Director Bruce I. Lavine sold 19,849 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $9.95, for a total value of $197,497.55. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 16.60% of the stock is currently owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd bought a new stake in WisdomTree Investments during the second quarter valued at $174,000. Piedmont Investment Advisors LLC bought a new stake in WisdomTree Investments during the second quarter valued at $252,000. Cubist Systematic Strategies LLC bought a new stake in WisdomTree Investments during the second quarter valued at $322,000. BlueCrest Capital Management Ltd bought a new stake in WisdomTree Investments during the second quarter valued at $359,000. Finally, State Street Corp boosted its stake in WisdomTree Investments by 3.8% in the second quarter. State Street Corp now owns 3,002,162 shares of the asset manager’s stock valued at $30,531,000 after buying an additional 110,032 shares during the period. Institutional investors and hedge funds own 92.71% of the company’s stock.
WisdomTree Investments Company Profile
WisdomTree Investments, Inc is an asset management company that focuses on exchange-traded funds (ETFs). The Company’s family of ETFs includes funds that track its own indexes, funds that track third party indexes and actively managed funds. It operates as an exchange traded products sponsor and asset manager providing investment advisory services in the United States, Europe, Canada and Japan.
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